financetom
Business
financetom
/
Business
/
Porsche expects $351 million tariff hit for April and May
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Porsche expects $351 million tariff hit for April and May
Jul 9, 2025 9:42 AM

FRANKFURT, July 9 (Reuters) - Porsche

expects a 300 million euro ($351 million) hit to results as a

consequence of absorbing U.S. import tariffs in April and May,

the luxury sportscar manufacturer said in slides published after

an investor call ahead of quarterly results.

The company had previously spoken only of a hit in low

triple-digit million euros for the two months, without giving a

firm number.

($1 = 0.8542 euros)

(Reporting by Christoph Steitz and Ilona Wissenbach

Editing by David Goodman

)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved